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[September 2007]
CRH Acquires Remaining 55% of Cementbouw BV
CRH plc, the international building materials group, has just announced that it has acquired the remaining 55% of Cementbouw BV not already owned by CRH. Following this buyout, CRH's investment in the business amounts to approximately €184 million. Cementbouw reported EBITDA of €26.5 million on sales of €213 million in 2006.
Cementbouw is a major Dutch trader in cement, fly-ash and aggregates and is one of the leading ready-mixed concrete producers in the Netherlands. The company's Binding Agents & Logistics division is a major player in the Dutch cement trading and distribution market and is also one of the leading suppliers of fly-ash in the Netherlands.
The Ready Mix division operates a network of 24 well located ready-mixed concrete plants primarily in the more densely populated western regions of the Netherlands. This division is also active in the trading and transport of aggregates.
Cementbouw's existing management team will continue to run the business which will become a new reporting and development platform within CRH's Europe Materials Division.
www.crh.com
ENDS